Artists under the Rebirth of the Coal Boss

Chapter 242 The matter is settled, the seal is lifted.

Renaissance Harbour View Hotel, No. 1 Harbour Road, Wan Chai District, Hong Kong.

Unaware of the major changes taking place in the "Love in a Puff" film crew, Lin Xingzhuo is currently attending the signing ceremony for Tiger Roaring Kirin Cinemas' acquisition of Golden Harvest Cinemas!

The negotiations between Tiger Roaring Kirin Cinemas and Golden Harvest Cinemas have been ongoing for quite some time.

In particular, Ding Ye, the general manager of Tiger Roaring Kirin Cinemas, came to Hong Kong based on information revealed by Wang Xiuqiong, the general manager of Golden Harvest Cinemas.

He always presented himself to the media as a gentleman, a man of integrity, and abstaining from smoking and drinking.

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Because the Zou family members who control the cinema chain's shares...
Compared to grassroots collaborators like Sammo Hung and Jackie Chan, or those in the Hong Kong and Macau circles like the Heung family and the Ho family (who are considered potential acquirers), this is a different story.

They prefer this type of clean-cut, refined business partner.

When Time magazine interviewed important members of the Zou family in later years.

The gist of it is that they want to plant a poison pill in the contract so that if a dispute arises, the mild-mannered scholar will be easier to deal with than the rough-and-tumble江湖人 (jianghu person, meaning someone from the martial arts world)!
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In fact, the parent company, Jinyuan Huwei Coal Industry, has stretched its resources too thin and is facing a shortage of funds.

The Zou family's offer was widely considered to be too high, and they were keeping a tight grip on the matter!

Many people in Hong Kong's financial and film circles believe that the two sides are simply unable to reach an agreement.

Meanwhile, the American company Superstar Cinemas has also been in contact with the Zou family.

This is a local movie theater chain in Southern California and Arizona.

Last year, it received an investment from Zuckerberg, which injected it with internet magic and enabled it to begin its global expansion.

Hong Kong circles generally believe that this well-funded American company has a higher chance of winning...

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Chaoxing Cinema Company initially made rapid progress in negotiations, but after figuring out Tiger Group Coal Capital's bottom line, it deliberately slowed down the pace of negotiations.

Since the financial crisis last year, half of Silicon Valley's internet companies have gone out of business. In this financing environment, a balance between flexibility and flexibility, along with keeping acquisition prices as low as possible, is crucial to maximizing company profits!
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Unexpectedly, the governor of the outlying prefecture, who had a close relationship with his sister-in-law, was a man of great talent and cunning, who in the summer moved the headquarters of Tiger Roaring Kirin Cinemas to the prefecture where he was stationed.

Therefore, the acquisition of Jiahe Cinema Line by Tiger Roaring Qilin Cinema Line became a key provincial cultural industry support project.

They also took the opportunity to apply for a national-level key cultural industry project, successfully squeezing out the spot for the world's largest Guan Gong statue project at the Jingzhou Guan Gong Righteousness Park!
With these two buffs...

They secured a joint loan from Hang Seng Bank, as well as two provincial commercial banks and seven city banks.

The funding problem was solved immediately!

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After this battle, Tiger Roaring Qilin Cinemas has completely resolved its identity issue!
One is that it inherited the legacy of Golden Harvest Cinemas in Hong Kong and Southeast Asia, and acquired 5 cinema chains and 24 screens in Hong Kong.

In addition, there are 33 cinema chains and 260 screens in ten Southeast Asian countries, including Singapore, Malaysia, Thailand, Vietnam, and Indonesia.

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Another, and most importantly, is the ability to enter the mainland market using Hong Kong capital status.

The current situation of Tiger Roaring Kirin Cinemas.

Although it obtained the "Film Distribution and Operation License" and the "Film Screening Operation License", it has been struggling to operate within the 35 cinema chains and 250 screens in Jinyang Province.

The desire to expand beyond northwestern Shanxi, into the North China market, and even into the national market remains a challenge...

Taking a step back and being confined to the province, or taking a step forward and expanding nationwide, there is no middle ground!

Because in 2009, cinema markets in various regions had strict market access requirements and stringent operating barriers.

For example, prioritizing local cinema chains for cinema projects, requiring additional approvals for out-of-town cinema chains, intervening in preferential film scheduling, and providing local government subsidies to local cinema chains, etc.

However, Hong Kong businessmen are not subject to this restriction!
In 2006, the CEPA Supplementary Provision II further relaxed restrictions, allowing Hong Kong operators to build or renovate multiple cinemas in various locations to operate film screening businesses.

In 2007, the Film Bureau issued a special document strictly prohibiting local governments from investing in Hong Kong cinemas and setting up hidden barriers and thresholds.

We call for actively learning from the advanced experience of the Hong Kong film market to promote the prosperity of the mainland market...

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In fact, the Hong Kong film market began its sharp decline in the second half of 1993.

A landmark moment was July 29th of that year, when "Jurassic Park" and "The Mad Monk" were released on the same day. The latter was a box office flop!
The former, with its overwhelming superiority, completely dominated all new Hong Kong films released in the second half of the year, directly taking the top spot for the year!
By 2007, the mainland Chinese film market was booming, while the Hong Kong film market had long been reduced to ruins by Hollywood.

But there is no way.

Foreign monks are better at chanting scriptures!
Given the policy environment of the film industry in 2009, Tiger Roar Kirin Cinemas' desire to expand nationwide certainly made things easier with this new brand...

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At 2:30 p.m., Ding Ye and Wang Xiuqiong, general manager of Jiahe Cinemas, signed the acquisition agreement to confirm its validity.

This marks the official entry of Tiger Capital into Hong Kong, beginning its exploitation of the Hong Kong entertainment industry's golden age.

Shaw Brothers, Golden Harvest, Cinema City, Milkyway Image, Win's Entertainment, D&B Films, Golden Princess...

Starlight, Colorful Star, Laser, Universe, Asia Pacific, Zhengdong, Baijiafeng, Sky Curtain, Zedong...

An era has slowly come to an end!
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Back then, any film produced by Golden Harvest in Hong Kong was guaranteed to be a masterpiece. If you saw this at the beginning of a movie, you immediately knew it was a good film.
Golden Harvest Company practically covered the youth of an entire generation...

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The earliest reason for Golden Harvest's decline was the lack of filming locations.

The land they originally wanted was taken back, and the land they wanted was targeted by snipers.

Wang Jin brokered a coalition of six families, including the Shao family and the Xiang family, to stage a grand spectacle of the six major sects besieging Bright Peak!
Also, because of He Guanchang's death, these kinds of operations were handled by him; problems arose without him...

The children of the woman with wrinkles are not interested in the entertainment industry!
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Jiahe has three main business segments.

Cinema operation and chain management, film production and financing, and copyright management.

In the previous life, Orange Sky Group acquired Golden Harvest and renamed it Orange Sky Golden Harvest, initially taking over film production and financing, as well as copyright management.

The Zou family retained control of the cinema operations and management until 2010 when the shares were fully injected into Orange Sky Golden Harvest.

In this era, coal capital has roared across Hong Kong, seizing control of cinema operations and theater management...

Orange Sky Entertainment's failure to acquire the complete Golden Harvest empire is absolutely infuriating!

There's a rumor circulating within the industry.

A powerful figure in the Tiger Group's coal capital sector, driven by a rage for a woman, is retaliating against Li Nian for terminating his contract with Orange Sky Entertainment by launching a sabotage operation in Hong Kong!
Lin Xingzhuo: “…”

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Conference Centre, Renaissance Harbour View Hotel, Wan Chai District, Hong Kong.

The signing ceremony was suddenly illuminated by a flurry of flashes, and countless cameras captured the moment when the representatives of both sides shook hands under the logos of Tiger Roaring Qilin and Golden Harvest.

The crowd was packed with cameras, the clicking sounds were deafening, and the intense silver-white flashes poured down like a torrential rain. The shouts were drowned out by the even more intense roar of the shutters.

This historic moment in Hong Kong's entertainment industry has been frozen in time!

Hong Kong entertainment reporters are known for their sharp tongues and their tendency to bully the weak and fear the strong.

Wang Xiuqiong, general manager of Golden Harvest Cinemas, was once Raymond Chow's secretary. She is a powerful and influential woman in Hong Kong's entertainment circle.

Ding Ye, the coal company manager from the mainland, had the image of a humble and refined gentleman.

As a result, reporters focused their attention on Ding Ye and bombarded him with questions, their cameras and microphones blazing down on him.

Reporter: "Mr. Ding, I've heard that Tiger Group's coal capital wasn't fully prepared for this trip to Hong Kong and at one point faced a shortage of funds..."

Ding Ye: "Not planning too much actually makes you more willing to take risks!"

Reporter: "Mr. Ding, I heard that Facebook founder Mark Zuckerberg mentioned at the annual report meeting of Chaoxing Cinema that he is not optimistic about this acquisition."

Ding Ye: "A petty person who has gotten his way! He stole Facebook!"

Upon hearing this, Hong Kong media outlets also noticed that this was completely different from the rumored image of a gentleman, gentle and mild-mannered.

Ding Ye had long since given up pretending...

Now that the matter is settled, the seal is lifted, and we can cause as much trouble as we want!

(End of this chapter)